KITCO India
Encyclopedia
Kitco is the first technical consultancy organisation (TCO) in India established by the government.
. It was with initiative of IDBI
and Kerala Government that the organisation was established. The success of KITCO experiment later prompted the central government to set up similar TCOs in many other states also. That was how APTICO (Andhra Pradesh), ITCOT (Tamil Nadu), MITCON (Maharashtra), NITCON (Punjab), GTCO (Gujarat) etc. came in to being.
The company with headquarters at Kochi
, Kerala, is considered as a Central public Sector Organisation with 85% share holding by Central Sector Institutions and is subjected to Govt. audit. Today, 49% of the shares of the company are held by Small Industries Development Bank of India (SIDBI)
. Chairman and Managing Director (CMD) is the Chief Executive and a Board of Directors nominated by the shareholders advises the CMD in policy matters.
KITCO was established primarily to assist public sector banks operating in Kerala state to assess the proposals to start small scale industries, submitted to the Bank with a view to get financial assistance. In the initial years, the organisation studied the project reports, prepared feasibility reports for the banks and also prepared project reports for new entrepreneurs.
Over the years, the environment and market in which KITCO operated underwent material changes. The overall industrial climate in the state had passed through many vicissitudes; the new entrepreneurs, many of whom had the benefit of training of EDPs conducted by KITCO, developed the competence to make their own project reports acceptable to banks; and banks had further strengthened their own inernal competence to identify and appraise the viability of projects. On its part, the state government had also begun to look for professional support from KITCO for larger projects/assignments. Overall, these developments helped facilitate a qualitative shift in the status of KITCO, from the level of consultants for SMEs to that of a multi-functional and multi-disciplinary organisation offering a wide range of services to the industrial and infrastructure sector, and to a wider spectrum of clientele including those outside the geographic boundaries of Kerala.
The Deatiled Engineering of large scale projects is the core are of competency of KITCO. Of the 10 divisions, the first seven take up implementation of such projects in their respective fields right from the concept stage up to commissioning. Each of the divisions offer comprehensive services in preparation of detailed project reports, planning, surveying, design, estimating, tendering and managing of the projetcs. The Architectural, Civil, Structural, Electrical, Mechanical, HVAC, Fire-Fighting, Interior Designing aspects of the projects are handled by Consultants & Engineers who are experts in the respective fields. The Water supply and Effluent treatment & Waste disposal tasks of all the projects are handled by the Environmental Engineering Department. Techno-Economic Feasibility Studies, Preparation of Master Plans etc of projetcs too are conducted by all the seven divisions.
The Technical consultancy department take care of energy audits, asset valuation, appraisal & revival report preparation, techno-economic and socio-economic studies, rehabilitation studies for sick enterprises etc.
The HRD department organizes classes & training for new entrepreneurs, conduct skill development classes for and on behalf or local self government bodies, take up Information, Education & Communication (IEC) campaign of various departments of both state and central governments and do certification of technical courses conducted by various institutions.
The newly formed Financial Services wing is being actively involved in loan syndication and Supporting Services for Merchant Banking.
History
Formerly known as Kerala Industrial and Technical Consultancy Organisation, KITCO Ltd was set up in 1972 to speed up the industrialization process in the state of KeralaKerala
or Keralam is an Indian state located on the Malabar coast of south-west India. It was created on 1 November 1956 by the States Reorganisation Act by combining various Malayalam speaking regions....
. It was with initiative of IDBI
IDBI Bank
The IDBI Bank Limited is one of India's leading public sector banks and 4th largest Bank in overall ratings. RBI categorised IDBI as an "other public sector bank". It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian...
and Kerala Government that the organisation was established. The success of KITCO experiment later prompted the central government to set up similar TCOs in many other states also. That was how APTICO (Andhra Pradesh), ITCOT (Tamil Nadu), MITCON (Maharashtra), NITCON (Punjab), GTCO (Gujarat) etc. came in to being.
The company with headquarters at Kochi
Kochi
-Places:* Kochi, a city in the state of Kerala, India, formerly known as Cochin* Kingdom of Cochin, a former feudal city-state on Malabar Coast, India** Fort Kochi, one of the three main urban components which constitute the present day city of Kochi, Kerala, India...
, Kerala, is considered as a Central public Sector Organisation with 85% share holding by Central Sector Institutions and is subjected to Govt. audit. Today, 49% of the shares of the company are held by Small Industries Development Bank of India (SIDBI)
SIDBI
Small Industries Development Bank of India is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India. Set up on April 2, 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of...
. Chairman and Managing Director (CMD) is the Chief Executive and a Board of Directors nominated by the shareholders advises the CMD in policy matters.
KITCO was established primarily to assist public sector banks operating in Kerala state to assess the proposals to start small scale industries, submitted to the Bank with a view to get financial assistance. In the initial years, the organisation studied the project reports, prepared feasibility reports for the banks and also prepared project reports for new entrepreneurs.
Over the years, the environment and market in which KITCO operated underwent material changes. The overall industrial climate in the state had passed through many vicissitudes; the new entrepreneurs, many of whom had the benefit of training of EDPs conducted by KITCO, developed the competence to make their own project reports acceptable to banks; and banks had further strengthened their own inernal competence to identify and appraise the viability of projects. On its part, the state government had also begun to look for professional support from KITCO for larger projects/assignments. Overall, these developments helped facilitate a qualitative shift in the status of KITCO, from the level of consultants for SMEs to that of a multi-functional and multi-disciplinary organisation offering a wide range of services to the industrial and infrastructure sector, and to a wider spectrum of clientele including those outside the geographic boundaries of Kerala.
Divisions
The Ten arms of the organisation are:- AviationAviationAviation is the design, development, production, operation, and use of aircraft, especially heavier-than-air aircraft. Aviation is derived from avis, the Latin word for bird.-History:...
- Environmental EngineeringEnvironmental engineeringEnvironmental engineering is the application of science and engineering principles to improve the natural environment , to provide healthy water, air, and land for human habitation and for other organisms, and to remediate polluted sites...
- InfrastructureInfrastructureInfrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
- Process EngineeringProcess engineeringProcess engineering focuses on the design, operation, control, and optimization of chemical, physical, and biological processes through the aid of systematic computer-based methods...
- Sea Ports
- TourismTourismTourism is travel for recreational, leisure or business purposes. The World Tourism Organization defines tourists as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes".Tourism has become a...
- Urban PlanningUrban planningUrban planning incorporates areas such as economics, design, ecology, sociology, geography, law, political science, and statistics to guide and ensure the orderly development of settlements and communities....
- Financial ServicesFinancial servicesFinancial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
- Human Resources Development(HRD)
- Technical Services
The Deatiled Engineering of large scale projects is the core are of competency of KITCO. Of the 10 divisions, the first seven take up implementation of such projects in their respective fields right from the concept stage up to commissioning. Each of the divisions offer comprehensive services in preparation of detailed project reports, planning, surveying, design, estimating, tendering and managing of the projetcs. The Architectural, Civil, Structural, Electrical, Mechanical, HVAC, Fire-Fighting, Interior Designing aspects of the projects are handled by Consultants & Engineers who are experts in the respective fields. The Water supply and Effluent treatment & Waste disposal tasks of all the projects are handled by the Environmental Engineering Department. Techno-Economic Feasibility Studies, Preparation of Master Plans etc of projetcs too are conducted by all the seven divisions.
The Technical consultancy department take care of energy audits, asset valuation, appraisal & revival report preparation, techno-economic and socio-economic studies, rehabilitation studies for sick enterprises etc.
The HRD department organizes classes & training for new entrepreneurs, conduct skill development classes for and on behalf or local self government bodies, take up Information, Education & Communication (IEC) campaign of various departments of both state and central governments and do certification of technical courses conducted by various institutions.
The newly formed Financial Services wing is being actively involved in loan syndication and Supporting Services for Merchant Banking.
Projects
It was with KITCO as total engineering consultants that the following 'first-time-in-India' projects were implemented- Cochin International AirportCochin International AirportCochin International Airport is an international airport located in Nedumbassery, a suburb on the outskirts of the city of Kochi about northeast of downtown Kochi, in the state of Kerala, India. It is the busiest and largest airport in the state of Kerala...
, Kochi, Kerala- The first green field airport in India to be built under Public-Private-Participation (PPP) scheme.The airport started operations in 1999. - The MarinaKochi MarinaThe Kochi International Marina is a marina in the city of Kochi, in the state of Kerala, India. It is located in the eastern coast of the Bolgatty Island , in the premises of the Bolgatty Palace, a 'heritage hotel'.The Kochi Marina is the only marina in India. It is owned by the Kerala Tourism...
at Bolghatty Island, Kochi, Kerala- It is the first structurally designed Marina (harbour for yachts) in India.Inaugurated in 2010. - Spices Parks: The unique project to empower spices farmers by bringing in storage, value-addition, quality improvement and marketing of spices under one roof. The first spices park was inaugurated ChhindwaraChhindwaraChhindwara is a town and a municipality in Chhindwara district in the Indian state of Madhya Pradesh. It is the administrative headquarters of Chhindwara District. Chhindwara is reachable by rail or road from adjacent cities Nagpur and Jabalpur...
in Madhya PradeshMadhya PradeshMadhya Pradesh , often called the Heart of India, is a state in central India. Its capital is Bhopal and Indore is the largest city....
in 2009 February and the second one at Puttady, Idukki, Kerala in 2011 February. Five more parks are in different stages of implementation in five other states. - Titanium Sponge Plant, Kerala Minerals And Metals LtdKerala Minerals and MetalsKerala Minerals and Metals Ltd is an integrated titanium dioxide manufacturing public sector undertaking in Kerala, India. Its operations comprise mining, mineral separation, synthetic rutile and pigment-production plants...
, KollamKollamKollam , often anglicized as ', is a city in the Indian state of Kerala. The city lies on the banks of Ashtamudi Lake on the Arabian sea coast and is situated about north of the state capital, Thiruvananthapuram...
, Kerala: The first commercial plant in India to manufacture TitaniumTitaniumTitanium is a chemical element with the symbol Ti and atomic number 22. It has a low density and is a strong, lustrous, corrosion-resistant transition metal with a silver color....
metal. The project is funded by Indian Space Research Organisation(ISR0)Indian Space Research OrganisationThe Indian Space Research Organisation is an independent Indian governmental agency established in 1969 for the research and development of vehicles and activities for the exploration of space within and outside of Earth’s atmosphere. Headquartered in Bangalore...
. - Mobility Hub, Vyttila, KochiVyttila Mobility Hub, KochiVyttila Mobility Hub is an integrated transit terminal planned in the city of Kochi. It is designed as a converging point of various forms of public transportation, such as local and long distance buses, metro rail and inland water transport. It is planned over an area of in Vyttila, making it one...
: It is the first integrated terminal project in India having road, water and rail transportation modes converging at one place. The first phase is inagurated on Feb 26, 2011.